Taxes and Government Spending - Chapter 14

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Across
  1. 2. Indiana wants to build a bridge over Troubled Waters. It will cost 1 billion dollars. Indiana will probably need to build this cost into its _____.
  2. 4. ACME Widget Works, Inc. is building a new factory in the business park and is expected to hire 49.5 people. The county can expect an increase in both its property and income _____ as well as in the number of people asking what the heck is a widget.
  3. 5. Ted is car shopping. He has is eye on either the Chevy Colossus with an estimated mpg of 0.1 or the Ford Fallacy, which they claim can make it to the moon and back on a single tank of gas. He knows that he will have to pay a lot of gas excise tax with the Colossus or can get a tax deduction for buying the Fallacy. These are examples of a(n) _____.
  4. 7. Mr. Hautman will be determining the value of your home to determine how much you will owe in property tax because he is the county _____. So just how much does a cardboard box go for these days?
  5. 8. You have finally bought the farm. Now on this farm you have a house, and a barn and a turducken coop. Together these comprise your _____.
  6. 11. Mr. Smith is a starving public school teacher who is told that due to his income he will receive food stamps if he applies for them. This is because food stamps are a(n) _____ guaranteed to any citizen who meets certain criteria. By the way, does anyone know if the school cafeteria accepts food stamps?
  7. 12. Amanda Ann is pleased to learn that she will get most of the money taken out of her Jerky Hut paycheck back since she earned less than what the government allows for her _____. Now she can buy that camouflage prom dress she has her eye on, or does she?
  8. 14. Dr. Pepper is finding that most of his medical supplies have increased by 2.3%. His suppliers tell him that this is because they have to pay an additional 2.3% medical device tax due to the Affordable Care Act (Obamacare). Dr. Pepper’s patients accuse him of poor taste, but in reality they are bearing the _____.
  9. 15. The State of Confusion (California) is grossly in debt; however, the State of Indiana is generally not allowed to spend more money than it receives because it is required to operate with a _____ (and perhaps a scalpel).
  10. 16. Congratulations! Your collection of Twilight action figures has become worth a lot of money. This plus the family jewels and your boat the Breaking Down are a part of your _____.
  11. 18. Judy is burning the midnight oil on April 14, sorting receipts, reading complex instructions, punching numbers into the calculator, and wanting to punch the politicians she voted for. She is trying to calculate her income taxes so that she can file her _____ before the deadline.
  12. 19. Amanda Ann just received her first paycheck from the Jerky Hut, proudly serving the toughest meat in town since last month. She is shocked that her first paycheck is about 15% less than she expected. She thinks her employer is being jerky until he informs her that her beef is with the government since it makes him send in money to cover her anticipated income taxes. This is _____.
Down
  1. 1. Meet the Flintstones. Fred (or more likely Wilma) can count on having a gay old time each month when his Social Security check comes because the Social Security Act requires the government to make these payments. Therefore this is an example of _____. Yabba dabba doo!
  2. 3. The National Geographic Society is a nonprofit organization and does not have to pay any corporate income tax on revenue received from the sale of maps, books and videos. The National Geographic Society can tell the IRS to get lost because it is _____.
  3. 6. Joe is thinking about remodeling his house with energy efficient windows after he learns that the State of Indiana would allow him to deduct the expense from his taxable income. He would then multiply his remaining taxable income by 3.4% to determine the state income tax that he owes. He would be receiving a(n) _____ for buying energy efficient windows (which he figures might make it worth the pane).
  4. 9. The Indiana State government is wanting to create the Department for Creating Government Departments. Its director and employees would likely be paid out of the _____.
  5. 10. The Republicans are proposing an increase in funding for the military next year. The Democrats can’t believe it’s not for butter. They claim without more welfare alot of Americans will be toast. There are budget jams like this every year because human services and national defense are examples of _____.
  6. 13. Billy just got his first allowance and is excited to spend his first dollar on a candy bar at Tandy’s. The cashier informs him that he owes $1.07 because he has to pay 7% to the government, so Billy is also paying his first [sales] ____. How sweet it is.
  7. 17. Sally’s accountant says she would owe $4000 in federal income tax; however, since she just had a child she will owe $3000. This is because Sally is receiving a $1000 _____ for her labor, so to speak.